Anyone ever bought property from Gumtree?

Discussion in 'The Buying & Selling Process' started by hammer, 27th Apr, 2016.

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  1. hammer

    hammer Well-Known Member

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    I've been checking Gumtree as an option.

    All I see though are stupidly overpriced properties.

    I'm waiting for the one time someone posts something good....

    Anyone got any Gumtree or for sale by owner success stories? Is it possible?

    Thanks.

    H
     
    Last edited: 27th Apr, 2016
    hammer, 27th Apr, 2016
    #1
  2. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

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    I've certainly purchased direct from owners before... either literally direct or via for sale by owner ads. You have to sift through a lot of overpriced stock, and stock in poor condition, to get to the gems.
     
    Last edited: 27th Apr, 2016
    JacM, 27th Apr, 2016
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    I've advertised on gumbytree but mainly got tyre kickers and bargain hunters.Advertised price was within 5% of contract. So not over the odds, just a big price tag for a site.
     
    Scott No Mates, 27th Apr, 2016
    #3
  4. Touristy

    Touristy Active Member

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    Yes brought my ppor by just driving past maybe a day after they put a simple sign out. Was about to go on gumtree but I was quick and lucky. Got a good deal as owners didn't like agents. Think I was mostly lucky though and didnt plan or think I can repeat it. Can be done yes.
     
    Touristy, 27th Apr, 2016
    #4
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  5. Azazel

    Azazel Well-Known Member

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    Gumtree is good for random car parts.
    Houses - not so much.
     
    Azazel, 27th Apr, 2016
    #5
  6. Scott No Mates

    Scott No Mates Well-Known Member

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    Also for possum boxes and bird nests.
     
    Scott No Mates, 27th Apr, 2016
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  7. Azazel

    Azazel Well-Known Member

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    And caravan covers.
     
    Azazel, 27th Apr, 2016
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  8. OldElliottE

    OldElliottE Member

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    My guesthouse was a Gumtree find. Owner was advertising one guesthouse and I was tire kicking and he mentioned another one he was about to put online. My son's father was also a Gumtree find haha. I love a good classified site although Gumtree has stopped the personals now which sucks.
     
    OldElliottE, 4th May, 2016
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  9. Jacque

    Jacque Jacque Parker Premium Member

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    We've bought properties for clients that have also been advertised (or were advertised) on sites such as Ebay, Gumtree, old classifieds however that wasn't the only source of marketing. Best FOR SALE private sign we came across was this one some years ago- what a pearler!
    Private sale - Version 2.jpg
     
    Jacque, 4th May, 2016
    #9
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  10. Azazel

    Azazel Well-Known Member

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    I read a book where the guy swore by the hand written sign, the dodgier the better he reckoned. Something about people thinking they're getting someone who doesn't know what they've got.
     
    Azazel, 4th May, 2016
    #10
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  11. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Witnessed a private sale in the Parramatta region in 2013. It was a bit far from train for my liking. 550sqm block sold for 550k...worth at least 580k. Would be worth 750k today. May be more. Owners lived in Central Coast and didn't like agents due to poor experiences with PM before.
     
    Property Twins, 4th May, 2016
    #11
  12. SmashedEconomy

    SmashedEconomy Active Member

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    Couldnt care less where something is advertised, if the price is right, I buy it.
     
    SmashedEconomy, 6th May, 2016
    #12
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